As the global stock markets collapsed this month, prices on companies such as General Electric, U.S. Bancorp, and Wells Fargo hit lows that would have been almost unfathomable a few months ago. Kennon Green Enterprises has been aggressively acquiring shares of GE at $6.80 per share, as well as call options on the underlying shares, through one of its operating companies. Another has been purchasing the two banks as quickly and aggressively as prudent cash flow management will permit.
KGE Increases Equity Exposure as Prices Fall
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